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Advantages Of Medicare Medicare refers to a strategic plan put into play by a government and that is meant to provide a health insurance cover for the elderly in society as well as those who are disabled so that to ensure that they are able to access medical services but at a lower cost. A government puts in place many ways and strategies of ensuring that they raise the money required for providing the health cover for people with disabilities and the old in age but the basic ways is by payroll taxes and other revenue generated being cut and added to the plan. The most common Medicare service provided is the Hospital Insurance which provides health insurance for all patients that are either old or disabled and are receiving medical attention at home by an authorized nurse, being attended to in a special nursing facility that is registered or are admitted in a hospital. This Hospital Insurance is only funded by payroll taxes deducted from the people’s salaries at the end of the month or after a given period of time but on a regular basis. Another common form of Medicare is the Medical Insurance cover, a program that is meant to provide insurance cover for many health products and services received by a patient including regular checkups to ensure infections are noticed early, consulting a doctor and also the drugs that have been prescribed are offered for free or a small cost. Medical Insurance also covers all lab tests that are to be done on the patient, chemotherapy in case it is required, dialysis for patients with diabetes especially because the disease is most common in people at an older age and also vaccinations for young children to prevent them from getting infected. The funds that are used to pay for the Medical Insurance by the government usually come from premiums that are paid by beneficiaries of the program as well as the general revenues collected by the taxman. The government may also contract a private company and give it the mandate to provide Medical Insurance and Hospital Insurance policies for the elderly as well as disabled patients, and this programme is referred to as the Medicare Advantage Plan. Services that are covered by the Medicare Advantage Plan include the Medicare Medical Savings Account which provides the patient with a place to save for their future medical needs when they become sick, the Private Fee-For-Services Plans where individuals can request for their own personal health services. The last form of Medicare is the Prescription Drug Coverage which enables a patient get easy access to drugs recommended by a doctor and the cover is funded by revenues, premiums and the government.

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